Over the next 30 years, two to four billion people will need air conditioning installed in their homes to avoid health risks such as heatstroke. This will mean 10 air conditioning units will need to be installed every second until 2050. In turn, this will produce a tripling of energy demand, all while nations attempt to reduce emissions and strive towards energy efficiency. Inefficient and poorly built air conditioning systems, along with unsustainable manufacturing of those systems, will lead to a far greater energy demand than necessary while creating additional waste, pollutants and environmental harms. Rather like a subscription service for air conditioning, CaaS businesses provide the air conditioning system and the user pays a service fee, removing the large upfront cost of the air conditioning unit itself.

Source: Forbes October 20, 2020 09:00 UTC